WIKA Gedung Secures Rp253 Billion PAM Jaya Building Project Contract
Executive Summary
Key insights and market outlook
PT Wijaya Karya Bangunan Gedung Tbk (WEGE) has secured a Rp253 billion contract for the PAM Jaya Service Center building project in Jakarta. The project involves integrated construction work through an operational cooperation (KSO) with PT Jaya Kirana Sakti. The construction is expected to be completed within 590 calendar days with an additional 365 days for maintenance. This project demonstrates WEGE's growing presence in Jakarta's infrastructure development.
Deep Dive Analysis
WIKA Gedung Wins Major Jakarta Infrastructure Project
Project Details and Contract Value
PT Wijaya Karya Bangunan Gedung Tbk (WEGE), listed on the Indonesia Stock Exchange, has secured a significant contract worth Rp253 billion for the construction of the PAM Jaya Service Center building in Jakarta. The project involves comprehensive integrated construction services through an operational cooperation (KSO) arrangement with PT Jaya Kirana Sakti.
Project Timeline and Execution
The construction project, located at Jl. Penjernihan II No.10, Bendungan Hilir, Tanah Abang, Jakarta Pusat, is expected to be completed within 640 calendar days. WEGE's Director of Operations II, Dwi Purnomo, stated that the company is targeting to finish the construction work within 590 calendar days through an accelerated scheme, followed by a 365-day maintenance period.
Strategic Implications
This project not only demonstrates WEGE's technical capabilities in handling large-scale integrated construction projects but also strengthens its position in Jakarta's infrastructure development sector. The successful execution of this project could potentially lead to more opportunities in the region's growing construction market.
Source References
Story Info
Topics Covered
Key Events
Major Construction Contract Award
Infrastructure Project Commencement